EconomyWednesday, 14 October 2026·Hindu Tamil Thisai
PM Modi highlights India’s low-cost medicines, 7.8% growth and 700 billion dollar forex reserves
At the Bloomberg New Economy Forum in Delhi, PM Narendra Modi said India supplies low-cost medicines globally and cited startup, growth and forex reserve figures.
Key highlights
Direct fact
In October 2026 at the first Bloomberg New Economy Forum held in Delhi, Prime Minister Narendra Modi said India supplies medicines to the world at the lowest prices and cited 7.8% economic growth and foreign exchange reserves of 700 billion dollars.
Key specifics
- The Bloomberg New Economy Forum was launched in 2018 and held for the first time in Delhi in 2026.
- India had more than 2.5 lakh startup companies, compared with 100 before 2014, according to the Prime Minister.
- About 45% of the startups were led by women, as stated in the speech.
- India had lifted 25 crore people out of poverty through various welfare schemes, Modi said.
- The foreign exchange reserve figure mentioned was 700 billion dollars, alongside 7.8% GDP growth.
Exam lens
Economy and current affairs question type, startup ecosystem, 2.5 lakh startups, 45% women-led firms, 25 crore poverty reduction, 7.8% growth, 700 billion dollar reserves; TNPSC may ask which forum was held first time in Delhi and what growth figure was cited.